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Chris NichollsLast July, a judge put the Department of Labor’s new Retirement Security Rule, which was set to go into effect last September, on hold, and it seemed likely it would remain there until after the presidential election.
Now, it will remain on hold a bit longer, as the Department of Labor filed a motion on Feb. 11 in the U.S. 5th Circuit Court of Appeals to hold its appeals in two court cases about the DOL’s fiduciary rule, saying the new administration and agency officials need time to onboard and familiarize themselves with the cases.
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